0
Wireless

Veon withdraws offer for Global Telecom

Tuesday 3 April 2018 | 13:58 CET | News
Veon announced that it has withdrawn its offer to buy out its Egypt-based subsidiary Global Telecom. The company said it notified the Egyptian Financial Regulatory Authority that, given the lapse of time and absence of approval, Veon is withdrawing the mandatory tender offer filed in November 2017 and does not intend to proceed with another bid at this time.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Veon
Countries: Ecuador
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Veon to submit mandatory tender offer for rest of Global Telecom

Published 05 Feb 2019 09:21 CET | Egypt
Veon announced that it intends to deposit a public mandatory cash tender offer with the Egyptian Financial Regulatory Authority ...

Veon says still interested in taking GTH private

Published 23 Jan 2019 14:33 CET | Africa
Veon said it's still working on simplifying its corporate structure and its relationship with Egypt-based Global Telecom Holding. ...

Veon abandons bid for Jazz, Banglalink after fall in rupee, shareholder resistance

Published 11 Oct 2018 08:35 CET | Pakistan
Veon said it's ended its offer to acquire the assets of Global Telecom Holding in Pakistan and Bangladesh. The sharp fall in the ...

Veon launches new offer for GTH assets in Pakistan, Bangladesh

Published 03 Jul 2018 09:16 CET | Bangladesh
Veon has submitted a new offer to buy part of Global Telecom Holding, notability its mobile operators Jazz in Pakistan and ...

Jazz passes 55 mln subscribers milestone in Pakistan

Published 14 Jun 2018 09:07 CET | Pakistan
Pakistani mobile operator Jazz has announced that it has reached 55 million subscribers across the country. According to Jazz CEO ...

Jazz's Q1 revenue grows 5.7%, EBITDA up 20%

Published 14 May 2018 10:55 CET | Pakistan
Pakistani mobile operator Jazz saw its revenue grow 5.7 percent year-on-year to PKR 40.9 billion in the first quarter of 2018. ...

Veon organic revenues rise but net loss widens in Q1

Published 14 May 2018 09:12 CET | World
Total revenues dipped 1.4 percent lower from the year before to USD 2.250 billion, hurt by the devaluation of the Uzbek and ...

Veon to sell Beeline Tajikistan to local shareholder

Published 09 Apr 2018 11:16 CET | Tajikistan
Veon Group plans to sell its subsidiary, the mobile operator Takom, working under the Beeline Tajikistan brand. Veon concluded an ...

Veon submits tender offer for Global Telecom

Published 08 Nov 2017 14:14 CET | Algeria
Veon announced it has submitted a mandatory tender offer for the purchase of up to 1.99 billion shares of Global Telecom (GTH), ...